Business
VIQ Solutions Completes Acquisition of International Reporting, Inc.
VIQ Solutions Completes Acquisition of International Reporting, Inc..
About this update from Viq Solutions Inc.
[{"type":"text","content":"\n\n\n\n\nStrategic Acquisition Strengthens VIQ's Total Solution Offering \n\nMARKHAM, ON, Dec. 23 /CNW/ - VIQ Solutions Inc. (\"VIQ Solutions\" or the\n\"Corporation\") (TSX Venture: VQS) is pleased to announce that it has completed\nthe acquisition of all the common shares of International Reporting Inc.\n(\"International Reporting\"), a private company providing bilingual digital\nverbatim reporting and transcription services in a $1.0 million cash deal. In\nconjunction with the acquisition, the management team of International\nReporting will be continuing forward as part of the VIQ team. The Corporation\nbelieves the acquisition will be immediately accretive to VIQ Solutions.\nLocated in Ottawa, Ontario, International Reporting has been a leader in\nthe recording and transcription business for 27 years. Over the years,\nInternational Reporting has revolutionized the industry by introducing new\ntechnologies and infrastructure allowing the implementation of live online\ndigital recording solutions which can be transcribed via any location across\nthe country and internationally. Its turnkey solutions provide fully indexed\nonline document and audio management solutions.\nInternational Reporting has and continues to provide reporting and\ntranscription services to numerous government boards and departments including\nthe Cornwall Inquiry, Gomery Inquiry (Sponsorship Program and Advertising\nActivities), National Energy Board, Immigration & Refugee Board, Federal Court\nof Canada, Canadian Environmental Assessment hearings, Tax Court of Canada,\nCanadian Human Rights Commission, Competition Tribunal, Royal Commission on\nAboriginal Peoples, Commission of Inquiry on the Blood System in Canada as\nwell as many other hearings of record.\n\"We are very excited about the additional market opportunities resulting\nfrom the marketplace quickly transitioning to the provision of full service\nsolutions, inclusive of technology, recording and transcription services,\"\nsaid David Outhwaite, VIQ Solutions' Chief Executive Officer. \"This\nacquisition will allow us to offer top-tier transcription and recording\nservices to our existing and growing customer base,\" added Mr. Outhwaite.\n\"With the increasing demand for daily-copy transcripts, VIQ Solutions'\naudio capture and Netscribe technologies are integral to our business\nstrateg...